New Visa Deal to Unlock Op portunities.docVIP

New Visa Deal to Unlock Op portunities 　　During the visit in Beijing for the Asia-Pacific Economic Cooperation summit in last November， U.S. President Barack Obama announced a new deal to extend visa duration for Chinese visitors to the U.S. to a decade， insisting that he wants China “to do well” despite simmering tensions between the world’s two largest economies. 　　“The United States welcomes the rise of a prosperous， peaceful and stable China，” Obama said in a speech at the APEC summit. 　　“As the world’s two largest economies， the U.S. and China have special responsibilities to embrace.If China and the United States can work together， the world benefits. Enhancing China’s integration to the world economy is in America’s best interest and the world’s best interest，” he said. 　　“We want China to do well. We compete for business， but we also cooperate on a broad range of shared challenges and shared opportunities，” Obama said in reference to the fight against Ebola， stopping nuclear proliferation， deepening clean energy partnerships and combating climate change. 　　According to the new bilateral consular deal for both countries’ citizens， the validity of student visas will extend to five years， and business and tourist visas will stretch to a decade， from one year now. 　　As Obama has mentioned in the speech， nearly 2 million Chinese citizens visited the U.S. in 2013， contributing $21 billions to the country’s economy and supporting more than 100000 jobs for the Americans. A senior U.S. official called the agreement “a really big win” and “a really big deal for the US economy”. 　　As much as this agreement will effect on the America， it probably will have even bigger influence on China. 　　 A Double-edged Sword 　　China sends nearly 100 million tourists abroad annually and represents a growing and increasingly coveted source of high-spending visitors in destination countries. According to a survey conducted by the China Tourism Academy， a top tourism think t